Zebra Capital Management LLC lessened its holdings in Pilgrim’s Pride Co. (NASDAQ:PPC) by 21.2% during the 2nd quarter, Holdings Channel reports. The firm owned 38,362 shares of the company’s stock after selling 10,311 shares during the period. Zebra Capital Management LLC’s holdings in Pilgrim’s Pride were worth $772,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in PPC. Clarus Wealth Advisors bought a new stake in Pilgrim’s Pride in the second quarter worth $161,000. Cerebellum GP LLC bought a new stake in Pilgrim’s Pride in the second quarter worth $168,000. Tiverton Asset Management LLC bought a new stake in Pilgrim’s Pride in the first quarter worth $173,000. Advisors Preferred LLC increased its position in Pilgrim’s Pride by 112.1% in the second quarter. Advisors Preferred LLC now owns 8,571 shares of the company’s stock worth $173,000 after purchasing an additional 4,530 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Pilgrim’s Pride by 129.2% in the second quarter. SG Americas Securities LLC now owns 8,673 shares of the company’s stock worth $175,000 after purchasing an additional 38,405 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.
PPC stock opened at $18.94 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.01 and a debt-to-equity ratio of 1.26. Pilgrim’s Pride Co. has a twelve month low of $16.30 and a twelve month high of $38.39. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 6.55 and a beta of 0.01.
Several equities research analysts recently weighed in on PPC shares. BidaskClub upgraded shares of Pilgrim’s Pride from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 18th. Zacks Investment Research cut shares of Pilgrim’s Pride from a “hold” rating to a “strong sell” rating in a research report on Monday, July 16th. ValuEngine cut shares of Pilgrim’s Pride from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Barclays started coverage on shares of Pilgrim’s Pride in a research report on Monday, July 16th. They set an “overweight” rating and a $27.00 price objective on the stock. Finally, Mizuho set a $27.00 price objective on shares of Pilgrim’s Pride and gave the company a “buy” rating in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.67.
In other news, Director Michael L. Cooper acquired 2,500 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were acquired at an average price of $17.36 per share, for a total transaction of $43,400.00. Following the completion of the transaction, the director now directly owns 7,771 shares of the company’s stock, valued at approximately $134,904.56. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 78.81% of the company’s stock.
Pilgrim’s Pride Company Profile
Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products in the United States, the United Kingdom, Europe, and Mexico. The company offers fresh chicken products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chicken; and prepackaged case-ready chicken, such as whole chickens and chicken parts.
Featured Article: Technical Analysis
Want to see what other hedge funds are holding PPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pilgrim’s Pride Co. (NASDAQ:PPC).
Receive News & Ratings for Pilgrim's Pride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pilgrim's Pride and related companies with MarketBeat.com's FREE daily email newsletter.